Economy

An increasing number of mortgages are being reclassified from investor to owner-occupier loans, new figures from the Reserve Bank of Australia have shown, with $1.7 billion of loans changed ...

The Reserve Bank of Australia has announced its official cash rate for October following its monthly board meeting.

AustralianSuper has reduced its holding in the industry super fund-owned ME Bank to “better reflect the changed nature” of Australia’s superannuation sector.

An online platform that aims to “empower the bank of mum and dad” has helped manage $35 million of loans since launching in April of this year.

A new three-year action plan has been released that aims to deliver fairer credit contracts, consumer leases and sale of motor vehicles for Indigenous people.

Banking group MyState Limited (ASX:MYS) has announced two new appointments to its board as well as the retirement of one of its non-executive directors.

The latest Property Pulse from CoreLogic shows the areas where the purchase price of properties doubled, or fell, and what these movements mean in the long run.

New research has revealed that Australian banks have an overall trust score of 52.8 per cent, compared to China’s 77.0 per cent.

A former major bank executive has said that the Australian banking model is heading for a “pivotal moment” that could impact profitability and threaten the positions of senior figures

The chief executive of an Australian bank has announced that he will “move on to new challenges”, with a replacement to be appointed in the new year.